Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sir(s),
This is in continuation of our letter no. under Ref. No. VIPUL/SEC/FY2020-21/2020 and Ref. No. VIPUL/SEC/FY2021-22/202074 dated March 01, 2021 and October 12, 2021, respectively. In terms of the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 whereby we had informed that the company has signed and entered a Joint Venture Agreement with M/s. Tulip Infratech Private Limited (TULIP), for assigning of all development rights to carry out all developments activities in relation to Aarohan Mixed Land use project at Golf Course Road, sector-53, Gurugram, Haryana ('Project').
It may be noted that the necessary approvals from the concerned authorities for the same have been obtained by the Company and TULIP, consequent to the same the financial obligations due to PNB Housing Finance Ltd to the tune of Rs 353.00 Crores stands discharged.
It may be brought to the notice of all concerned that in view of the discharge of the financial obligations as stated above, the financial health of company shall improve remarkably.
You are requested to take the above information on record and bring the same to the notice of all concerned.
Thanking you
Yours faithfully
For Vipul Limited
SUNIL KUMAR
Digitally signed by
SUNIL KUMAR Date: 2022.05.27 23:24:36 +05'30'
(Sunil Kumar)
Company Secretary
A-38859
Regd Off: Unit No 201, C-50, Maviya Nagar, New Delhi-110017
CIN: L65923DL2002PLC167607
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Vipul Ltd. published this content on 27 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 May 2022 00:52:45 UTC.
Vipul Limited is an India-based company, which is engaged in the business of real estate development. The Company operates through a single segment, which is real estate development and services. The Company's projects include a wide range of residential, commercial, retail, integrated townships, lifestyle gated communities, built in partnership with contractors and consultants. Its residential portfolio includes Tatvam Villas, Vipul Plots, Vipul Garden, Vipul Greens, Vipul Belmonte and Vipul Floors. The Company's commercial portfolio includes Vipul Business Park, Vipul Plaza, Vipul Plaza, Vipul Plaza, Vipul Square, Vipul Agora and Vipul Trade Center. The Company has its presence in the states of Haryana, Odisha and Punjab. Its subsidiaries include URR Housing and Construction Private Limited, Ritwiz Builders and Developers Private Limited, Entrepreneurs (Calcutta) Private Limited, Vipul Eastern lnfracon Private Limited, Vipul Hospitality Limited, and United Buildwell Private Limited.